It can happen suddenly when one least expects it. Illness or injury hits. Disability. With income no longer available, savings are quickly depleted. Money saved for children’s education and retirement is now spent on groceries, utility bills and other necessities.

While short term disability may last between 3 and 5 months and can be difficult, long term disability lasts an average of 31 months bringing with it a financial impact which can be devistating. According to a 2005 Harvard study over half of all personal bankruptcies and mortgage foreclosures are a consequence of disability.

According to statistics, just over one in four of today’s 20 year olds will become disabled before they retire.   (1) According to the U.S. Census Bureau, more than 18 million Americans who are in their working years, between the ages of 18 and 64, are disabled. (2) In December of 2012 there were over 2.5 million disabled workers in their 20′s, 30′s and 40′s receiving SSDI benefits. (3)

Following an illness or an injury, it is common that worry and sleepless nights ensue due to the stressful financial situation. The disability insurance offered by JGA will protect your finances and afford you peace of mind.

(1) – US Social Security Administration, Facts sheet Feb 7, 2013)
(2) – US Census Bureau, American Community Survey, 2011)
(3) – US Social Security Administraction, Disabled Worker Beneficiary Data, December 20, 2012)